Nozomi Networks Inc., a San Francisco, CA-based OT and IoT security company, raised $100m in Series-D, pre-IPO-funding.
The round was led by Triangle Peak Partners with participation from existing backers GGV Capital, Lux Capital, Energize Ventures, Planven Entrepreneur Ventures, and Activate Capital, a large stable of equipment, security, service provider, as well as:
- Forward Investments
- Honeywell Ventures
- In-Q-Tel
- Keysight Technologies
- Porsche Ventures
- Telefónica Ventures
The company intends to use the funds to scale product development efforts as well as its go-to-market approach globally. Specifically, Nozomi Networks will grow its sales, marketing and partner enablement efforts, and enhance its products to address new challenges in both the operational technology (OT) and internet of things (IoT) visibility and security markets.
Led by Edgard Capdevielle, President and CEO, Nozomi Networks accelerates digital transformation by protecting the world’s critical infrastructure, industrial and government organizations from cyber threats. The solution delivers network and asset visibility, threat detection, and insights for OT and IoT environments.
This round is the latest in a series of milestones for the company, including:
- a record year of growth in 2020
- 110% increase in annual recurring revenue
- 2x expansion of its customer base
- 5,000% growth in the number of devices its solutions monitor
